Delta Air Lines, Inc. $DAL Position Trimmed by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund trimmed its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 9.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,133 shares of the transportation company’s stock after selling 7,190 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Delta Air Lines were worth $6,104,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Legacy Wealth Management LLC MS boosted its holdings in shares of Delta Air Lines by 8.7% in the 3rd quarter. Legacy Wealth Management LLC MS now owns 4,812 shares of the transportation company’s stock valued at $402,000 after buying an additional 387 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC grew its position in shares of Delta Air Lines by 705.2% in the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 17,376 shares of the transportation company’s stock valued at $1,450,000 after buying an additional 15,218 shares during the last quarter. Signature Equity Partners LLC raised its stake in Delta Air Lines by 66.2% during the 3rd quarter. Signature Equity Partners LLC now owns 894 shares of the transportation company’s stock worth $75,000 after acquiring an additional 356 shares in the last quarter. Summit Wealth Group LLC Co. raised its stake in Delta Air Lines by 8.0% during the 3rd quarter. Summit Wealth Group LLC Co. now owns 3,283 shares of the transportation company’s stock worth $274,000 after acquiring an additional 244 shares in the last quarter. Finally, Welch Group LLC raised its stake in Delta Air Lines by 11.9% during the 3rd quarter. Welch Group LLC now owns 3,303 shares of the transportation company’s stock worth $276,000 after acquiring an additional 351 shares in the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Delta Air Lines Stock Performance

Shares of DAL opened at $89.29 on Thursday. The company’s 50 day simple moving average is $80.63 and its 200-day simple moving average is $76.94. The firm has a market cap of $58.75 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 1.49 and a beta of 1.43. Delta Air Lines, Inc. has a 12-month low of $55.27 and a 12-month high of $95.68. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 0.42.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Friday, October 9th. The transportation company reported $1.72 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.05). Delta Air Lines had a net margin of 4.58% and a return on equity of 16.83%. The business had revenue of $17.59 billion during the quarter, compared to analysts’ expectations of $17.64 billion. During the same quarter last year, the company earned $1.71 EPS. The firm’s revenue for the quarter was up 21.1% compared to the same quarter last year. Delta Air Lines has set its Q4 2026 guidance at 1.150-1.650 EPS and its FY 2026 guidance at 5.100-5.600 EPS. As a group, equities analysts predict that Delta Air Lines, Inc. will post 5.34 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 5th. Shareholders of record on Thursday, October 15th will be paid a $0.2150 dividend. The ex-dividend date is Thursday, October 15th. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. Delta Air Lines’s payout ratio is currently 17.17%.

Wall Street Analysts Forecast Growth

DAL has been the subject of several research analyst reports. Jefferies Financial Group upped their price objective on shares of Delta Air Lines from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Susquehanna dropped their price objective on Delta Air Lines from $100.00 to $95.00 and set a “positive” rating on the stock in a report on Monday, October 12th. BMO Capital Markets lifted their target price on Delta Air Lines from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, October 12th. Seaport Research Partners reissued a “buy” rating and issued a $100.00 target price on shares of Delta Air Lines in a report on Monday, October 12th. Finally, Argus set a $95.00 target price on Delta Air Lines in a research report on Monday, October 12th. Twenty-two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $99.65.

Insider Activity at Delta Air Lines

In other news, CEO Edward Bastian sold 50,000 shares of the company’s stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $82.00, for a total value of $4,100,000.00. Following the completion of the sale, the chief executive officer directly owned 1,313,448 shares of the company’s stock, valued at approximately $107,702,736. This represents a 3.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.80% of the company’s stock.

About Delta Air Lines

Delta Air Lines, Inc is a major U.S. airline headquartered in Atlanta, Georgia. The company provides scheduled passenger air transportation to destinations across the United States and international markets, including Europe, Latin America, Asia, Canada, Africa and the Caribbean. Delta operates through a network of hubs and focus cities, offering service under the Delta brand and through regional partners operating as Delta Connection.

In addition to passenger flights, Delta provides air cargo transportation and related logistics services.